Car sales to grow up to 9% in India in 2014 JD Power The Economic Times

30 Мар 2014 | Author: | Комментарии к записи Car sales to grow up to 9% in India in 2014 JD Power The Economic Times отключены
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Car sales to grow up to 9% in in 2014: JD Power

NEW DELHI: Car in India would be back on and grow by up to 9 per cent in the current with leading manufacturers as Maruti Suzuki and Hyundai introducing new models to expand share, global marketing services company JD Power

An expected improvement in buying post the general elections also lift the car sales, it

Introduction of new models as well as the in buying sentiment post the elections would play a role in bringing back in the Indian passenger car market, the research firm said.

will be back this We expect the Indian passenger car including utility vehicles and LCVs (up to 5 tonnes) to grow in the of 6-9 per cent in 2014, JD Power Director Mohit Arora PTI.

The growth won’t be spectacular but it be back, he added.

The Indian car is reeling under a prolonged Annual car sales fell for the time in 11 years in 2013, a 9.59 per cent dip. In the sales rose by 1.39 per the first time after last year.

During the period of this financial Indian passenger vehicle fell by 5.9 per cent.

Commenting on the projections for 2014, said that Maruti Honda and Hyundai would market share during the while others including Motors and Mahindra Mahindra lose share.

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Industry has out and market shares are getting So, some would gain in the while others would out. With new car launches in Maruti and Honda would enhance their market Arora said.

Even car like Renault and Nissan consolidate their market in around 3 million strong passenger car market, he added.

Even Tata Motors see some growth in market post the launch of their new and Zest around October year, Arora said.

JD Vice President and General Asia Pacific Operations Kuyntjes said that of products and sales experience be the main factors that help car manufactures post

Other emerging issue could influence customer would be a company’s brand It could well be the next for car makers in the country, he added.

When asked about the vehicle sale projections he We could see a sharp uptake upon the decisions of the new government.

of commercial vehicles were 29.84 per cent to 47,982 in February, the 10th straight decline.

Besides, the Indian industry is expected to grow by 8-9 per over the next five mainly on account of ease of hike in MSP and low tractor penetration .

TESLA Model S – 85 kWh Auto
TESLA Model S – 85 kWh Auto
TESLA Model S – 85 kWh Auto
TESLA Model S – 85 kWh Auto
TESLA Model S – 85 kWh Auto
TESLA Model S – 85 kWh Auto

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